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Location American Market News for 27 October 2015
Market chat: Sensex declines for second day before Fed meeting Join Mint's market experts on the daily Live Markets chat
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Chase unveils a new mobile payment service to compete with Apple Pay. The question is: will anyone use it?
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United Parcel Service posted a higher quarterly profit, despite its revenue being hurt by the strong U.S. dollar.
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3Q Earnings: Alaska Air Flies High On Operational Excellence, Capacity Expansion & Lower Fuel Costs Unlike its peers, the Seattle-based airline managed to increase its top line, despite facing a notable decline in its unit revenue due to foreign currency fluctuations and domestic competition. Furthermore, the airline's...
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The company sold 48 million iPhones in the fiscal fourth quarter, as well as 9.88 million iPads.
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Help Not Wanted: Investment Banks Turn Cool on Hiring in Asia

Wall Street Journal - 28 Oct 2015 01:05
Global investment banks in Asia have lost their enthusiasm for hiring, after a strong first half in the region was followed by a drop in third-quarter revenue.
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GoPro: This Camera Maker Needs a Hero

Wall Street Journal - 28 Oct 2015 01:03
Worries about a slow fourth quarter have decimated GoPro's market value and may prove difficult to soothe in the near term
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KKR Swings to Loss, to Buy Back Shares

Wall Street Journal - 28 Oct 2015 00:47
KKR said it swung to a third-quarter loss as many of its investments lost value in the period's tumultuous markets and it announced plans to change how it pays out profits to shareholders and buy back its own shares for ...
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Bank Provisions in Pacific Trade Pact Draw Fire

Wall Street Journal - 28 Oct 2015 00:46
The sweeping Pacific trade agreement completed this month gives banks a new international legal protection that critics warn could lead to more challenges to Wall Street regulations.
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Quarterly profit rose 70 percent, but shares of the biotechnology company were little changed.
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T-Mobile Results: Don't Hang Up Now

Wall Street Journal - 27 Oct 2015 23:23
T-Mobile's disappointing third-quarter earnings shouldn't be taken as a sign the carrier has lost momentum.
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J. Kumar Infraprojects raises Rs410 crore through QIP The firm aims to use the net proceeds of the issue to fund its capital expenditure and working capital requirements and for general corporate purposes
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The U.S. Securities and Exchange Commission is investigating IBM's accounting practices in the U.S., Britain and Ireland, the company revealed in a filing Tuesday. The inquiry, about which IBM learned in August, relates ...
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Retail investors give IPO market a miss

livemint.com - 27 Oct 2015 22:43
Retail investors give IPO market a miss There have been 16 IPOs this year and seven of these have seen the portion set aside for retail investors remain undersubscribed
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World's Second-Largest Economy In Flux

Forbes - 27 Oct 2015 22:41
World's Second-Largest Economy In Flux I’ve commented before that China has been moving away from a manufacturing-based economy and instead focusing more on services—financials, real estate, insurance, ecommerce and the like. click to enlarge While the co...
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Tuesday Sector Laggards: Energy, Materials

Forbes - 27 Oct 2015 22:36
Tuesday Sector Laggards: Energy, Materials In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 2.2% loss. Within that group, Chesapeake Energy Corp. (NYSE: CHK) and ONEOK Inc. (NYSE: OKE) are two large stocks that are lagging...
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Tuesday Sector Leaders: Healthcare, Services The best performing sector as of midday Tuesday is the Healthcare sector, up 0.9%. Within the sector, Biogen Inc (NASD: BIIB) and Allergan PLC (NYSE: AGN) are two of the day's stand-outs, showing a gain of 5.0% and 4.5%,...
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Simon declared a quarterly common stock dividend of $1.60 per share. This is a 23.1% increase year-over-year. The dividend will be payable on November 30, 2015 to stockholders of record on November 16, 2015. Simon's Boar...
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Chinese Firms Vie to Buy Starwood Hotels

Wall Street Journal - 27 Oct 2015 22:06
At least three big Chinese companies are competing to win Beijing's approval to bid for Starwood Hotels, setting the stage for what could be the largest-ever Chinese takeover of a U.S. company.
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Positive study on new drug proves a tonic for Shire shares Market Report: Shares in Shire jump after a new study showed its treatment for an eye disease significantly improved patient symptoms
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We will be watching two key trends when First Solar , the largest U.S. solar company, reports Q3 2015 earnings on Thursday, October 29. Firstly, we will be keen to hear of the company's progress in bolstering its interna...
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BP: Finding Its Footing After Oil's Slip

Wall Street Journal - 27 Oct 2015 21:41
BP is making progress toward its goal of making its business work with oil prices at $60 a barrel. There are still some longer-term questions to answer.
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